GOLD DAILY 31/08/2018
Updated
Gold starts moving below the pivot and breaks suppot on trading yesterday, but still looks bullish divergence and the price is still in the previous demand zone.
First option:
-Open long positions if the price breaks and moves above the pivot
-TP 1 at the first daily resistance
-TP 2 to the second daily resistance
-SL in pivot or in the last swing low.
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price goes to the second daily resistance
-TP 1 at the first daily resistance
-TP 2 is the first daily support if the price breaks down the pivot
-SL at the second daily resistance or at the last swing high
-Wait for confirmation to open a position
Third option:
-Open short positions if the price turns out to be unable to break and stay above the pivot
-TP 1 is the first daily support
-TP 2 is the second daily support
-SL in the pivot or in the last swing high
-Wait for confirmation to open a position
First option:
-Open long positions if the price breaks and moves above the pivot
-TP 1 at the first daily resistance
-TP 2 to the second daily resistance
-SL in pivot or in the last swing low.
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price goes to the second daily resistance
-TP 1 at the first daily resistance
-TP 2 is the first daily support if the price breaks down the pivot
-SL at the second daily resistance or at the last swing high
-Wait for confirmation to open a position
Third option:
-Open short positions if the price turns out to be unable to break and stay above the pivot
-TP 1 is the first daily support
-TP 2 is the second daily support
-SL in the pivot or in the last swing high
-Wait for confirmation to open a position
Trade closed: target reached
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